Industry Oct 31, 2026
Universal Music Group Q3 Earnings Report
Adjusted EBITDA came in at €729 million ($838.7m), a margin of 21.5%, down from 22.0% in Q3 2025 but up on the 20.5% margin it posted in the prior quarter (Q2 2026) Source
Originally published by
Music Business Worldwide
Universal Music Group reported a revenue of $3.90 billion for the third quarter, marking an 11.7% year-over-year increase. This growth was primarily fueled by the performance of artists including Mrs. Green Apple, Olivia Rodrigo, Stray Kids, Ariana Grande, and The Beatles.
Adjusted EBITDA for the quarter was €729 million ($838.7 million), with a margin of 21.5%. While this represents a slight decrease from the 22.0% margin in Q3 2025, it is an improvement from the 20.5% margin reported in the second quarter of 2026. Originally reported by Music Business Worldwide.